Exxon Mobil Co. (NYSE:XOM) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,655 shares of the oil and gas company’s stock after purchasing an additional 724 shares during the quarter. Kathmere Capital Management LLC’s holdings in Exxon Mobil were worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Flagship Harbor Advisors LLC raised its holdings in shares of Exxon Mobil by 6.2% during the second quarter. Flagship Harbor Advisors LLC now owns 37,426 shares of the oil and gas company’s stock valued at $4,014,000 after buying an additional 2,176 shares during the last quarter. Gradient Investments LLC boosted its stake in Exxon Mobil by 1.6% during the 2nd quarter. Gradient Investments LLC now owns 190,777 shares of the oil and gas company’s stock valued at $20,461,000 after purchasing an additional 2,942 shares in the last quarter. Beech Hill Advisors Inc. acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at $528,000. Castle Rock Wealth Management LLC raised its stake in shares of Exxon Mobil by 2.5% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,796 shares of the oil and gas company’s stock worth $1,367,000 after buying an additional 316 shares in the last quarter. Finally, Good Life Advisors LLC boosted its stake in Exxon Mobil by 2.7% during the second quarter. Good Life Advisors LLC now owns 31,798 shares of the oil and gas company’s stock valued at $3,410,000 after buying an additional 848 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey W. Ubben acquired 458,000 shares of the stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the acquisition, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Wednesday, July 19th. Truist Financial reduced their target price on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a report on Monday, July 24th. Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $100.00 to $105.00 in a research note on Thursday, August 31st. Finally, Mizuho boosted their target price on Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.78.

Exxon Mobil Trading Up 0.8 %

Exxon Mobil stock opened at $117.69 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92. The company’s fifty day simple moving average is $108.65 and its 200-day simple moving average is $108.49. The stock has a market cap of $471.14 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.61 and a beta of 1.08.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). The firm had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.14 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.